Porsche to Cut 1,900 Jobs in Germany

Porsche to Cut 1,900 Jobs in Germany After EV Demand Slumps
Porsche AG will trim its workforce by 1,900 employees by the end of the decade in response to weak electric vehicle demand and “challenging geopolitical and economic conditions.”
Porsche is cutting nearly 2,000 jobs in Germany as its EV struggles worsen
It looks like the situation could be even worse than expected. Porsche said it would cut 1,900 jobs at two German plants by 2029 (via Bloomberg ), blaming “challenging geopolitical and economic conditions.” The sites include Porsche’s Zuffenhausen and Weissach plants, where it aims to reduce around 15% of the workforce.
Porsche plans to cut additional 1,900 jobs by 2029
Carmaker Porsche AG plans to cut an additional 1,900 jobs across the entire company over the next four years after a programme that has already started was determined to be insufficient, a company spokesperson told Reuters on Thursday.
Porsche Is Cutting a Bunch of Jobs Over Weak EV Demand
The automaker is planning to cut 1,900 jobs over the next few years at various locations throughout Germany, according to Reuters. Citing a company spokesperson, the report states Porsche's previous reduction plan simply wasn't sufficient enough.
Layoffs News: Sports carmaker Porsche to cut 1,900 jobs. Here's why
Porsche stated that the cuts will be made in the coming years in Germany, at the luxury brand's Stuttgart headquarters and the firm's nearby research centre.
German sports carmaker Porsche to cut 1,900 jobs
Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a tricky shift to electric vehicles, the latest blow for Germany's stalling auto sector. Hit by high manufacturing costs at home,
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